Canada’s Leading Crypto Exchange Launches: Coinsquare, WonderFi, and CoinSmart Combine


  • Mogo Inc., a leading Canadian financial technology company, has announced that Coinsquare Ltd., WonderFi Technologies Inc. and CoinSmart Financial Inc. have entered into a business combination agreement.
  • The combined company will be the leading and only fully regulated crypto asset trading platform in Canada, with a user base of over 1.65 million Canadians.
  • Mogo is Coinsquare’s largest shareholder and is expected to be the largest shareholder of the Combined Company on closing, owning approximately 14% of it.

Background Information

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) („Mogo“ or the „Company“), one of Canada’s leading financial technology companies, today announced that Coinsquare Ltd. („Coinsquare“), in which Mogo has a 34% ownership stake, WonderFi Technologies Inc. (TSX: WNDR; OTCQB: WONDF; WKN: A3C166) („WonderFi“) and CoinSmart Financial Inc. (NEO:SMRT) (FSE:IR) („CoinSmart“) have entered into a business combination agreement (the „Business Combination Agreement“) to combine their respective businesses (the „Transaction“).

Combined Company

The Combined Company will offer one of the largest registered crypto asset trading companies in the world, providing Canadians a wide range of diversified products and services including both retail and institutional crypto trading, staking products, B2B crypto payment processing and digital asset custody, and soon including sports betting and gaming. The Combined Company will have transacted over $17 billion since 2017 and have over $600 million in assets under custody, with a registered user base in excess of 1.65 million Canadians. The companies generated a total of approximately $37 million in revenue for fiscal year 2022 and are expected to have cash an

Shareholder InformationConclusion

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